Department of Economics & Statistics

Faculty of Arts, University of Peradeniya

Prof. T Vinayagathasan

Professor in Economics

PhD (Japan)

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About Me

T. Vinayagathasan is a Professor in Economics and holds PhD in Public Economics and Masters of Public Policy from National Graduate Institute for Policy Studies (GRIPS), Tokyo, Japan and a M.A. in Economics and B.A. (Hons) in Economics from the University of Peradeniya. Vinayagathasan has more than 15 years of teaching and research experience in Sri Lanka and overseas. His research interests focus on Macroeconomics, Monetary Policy and Monetary Economics, Economic Policy, Public Sector Economics, FDI, Development Economics, Financial Economics, Econometrics, Good governance and Corruption and COVID-19 pandemic. He has published number of papers in reputed Indexed Journals such as Journal of Asian Economics, International Journal of Sustainable Economy, Asian Journal of Comparative Politics, The Studies in Regional Development, Frontiers in Public Health, Journal of Asian and African Studies and Sri Lanka Journal of Social Sciences. He has participated in numerous international conferences and training in USA, Japan, and India. He has sound knowledge in Statistical software such as GAUSS, MATLAB, R, STATA, E-VIEWS and SPSS. He was awarded with MEXT scholarship and GRIPS fellowship. He had worked in International non-governmental organizations such as World Vision and Save the Children.

Education

PhD

GRIPS (Japan)

M.P.P

GRIPS (Japan)

MA

University Of Peradeniya

BA

University Of Peradeniya

Current Positions

Professor in Economics - Department of Economics & Statistics, Faculty of Arts, University of Peradeniya.

2024, August 07 - To Present

Visiting Lecturer - Eastern University of Sri Lanka.

2014 - To Present

Visiting Lecturer - Department of Business Economics, Faculty of Business Studies, University of Vavuniya, University of Peradeniya.

Visiting Lecturer - The Open University of Sri Lanka (Vavuniya Branch).

Visiting Lecturer - PGIHS, University of Peradeniya.

- To Present

Positions Held

Senior Lecturer Gr II - Department of Economics & Statistics, Faculty of Arts, University of Peradeniya.

2018, September 20 - 2024, August 06

Lecturer - Department of Economics & Statistics, Faculty of Arts, University of Peradeniya.

2016, September 20 - 2018, September 19

Lecturer (Probationary) - Department of Economics & Statistics Faculty of Arts, University of Peradeniya.

2013, September 20 - 2016, September 19

Temporary Lecturer - Department of Economics & Statistics Faculty of Arts, University of Peradeniya.

2007 - 2009

Project Assistant - University of Peradeniya

March 2009 - September 2009

Project Monitor - Department of Economics & Statistics Faculty of Arts, University of Peradeniya.

2005 - 2006

Memberships

Live member - Sri Lanka Forum of University Economists (SLFUE)

Since 2013

Life Membership - Sri Lankan Economic Association

2022 to date

Senior Treasurer - Hindu Student Union, University of Peradeniya

2022/2023

Treasurer - Hindu Graduate Union, University of Peradeniya.

2014 to 2019

Assistant Treasurer - Sri Lankan Student Association of Japan

2009/2010

Awards

National Graduate Institute for Policy Studies (GRIPS) Fellowship for PhD in Policy Analysis (Economics) - Tokyo, Japan.

Oct 2010 to September 2013

Monbukagakusho (MEXT) Scholarship for Masters of Public Policy - Ministry of Education, Culture, Sports, Science and Technology-Japan.

Oct 2009 to Sep 2010

Publications

BOOKS

Vinayagathasan, T. (2024), Qualitative Data and the Regression Analysis (பண்புசார் தரவுகளும் பிற்செலவுப் பகுப்பாய்வும் (Tamil Book)), Publisher: Kumaran Press (Pvt) Ltd. 39, 36th Lane, Colombo -6. ISBN : 978-624-6164-69-0

Vinayagathasan, T. (2024), Basic Econometrics (அடிப்படைப் பொருளியலளவை (Tamil Book)), Publisher: Kumaran Press (Pvt) Ltd. 39, 36th Lane, Colombo -6. ISBN : 978-624-6164-78-2

CHAPTERS IN BOOKS

Vinayagathasan, T. (2014) Does Inflation Affect Economic Growth in Non-Linear Manner: A Vector Autoregressive Analysis for Sri Lanka, in Economic Issues in Sri Lanka, Vijayakumar (Eds), Guru Printers, Jaffna, pp. 102-114.

JOURNAL ARTICLES

1. Vinayagathasan, T. (2013). Inflation and Economic Growth: A Dynamic Panel Threshold Analysis for Asian Economies. Journal of Asian Economics 26, 31-41. ISSN/eISSN:1049-0078/1873-7927

2. Vinayagathsan, T and Pallegedera, A. (2014). Impact of NGOs intervention on poverty reduction: an empirical evidence from rural Sri Lanka. International Journal of Sustainable Economy 6(3), 288-301. Online ISSN: 1756-5812, Print ISSN: 1756-5804

3. Leon-Gonzalez, R. and Vinayagathasan, T (2015). Robust Determinants of Growth in Asian Developing Economies: A Bayesian Panel Data Model Averaging Approach. Journal of Asian Economics 36, 34-46. ISSN/eISSN:1049-0078/1873-7927

4. Vinayagathasan, T and Ramesh, R (2019). Do Governance Indicators Matter for Economic Growth of Sri Lanka, Indian Journal of Public Administration, 65(2), 430-450. ISSN: 0019-5561

5. Vinayagathasan, T and Sri Ranjith, J. G. (2021). Public Debt, Budget Deficit and Tax Policy reforms for Fiscal Consolidation in Sri Lanka: Rationale and Feasibility. Sri Lanka Journal of Social Sciences 44(1), 97-109. ISSN/E-ISSN: 0258-9710/2478-1169

6. Vinayagathasan, T., & Xiangcai, MENG. (2021). The Time-Varying Tradeoff between Inflation and Unemployment: Evidence from SAARC Economies with a State Space Approach. Romanian Journal of Economic Forecasting, XXIV(3), 20-34. Online Access: The electronic format is "Journal for Economic Forecasting”, (3), 20-34. ISSN/eISSN: 1582-6163 / 2537-6071

7. Vinayagathasan, T., and Ramesh, R. (2022). Corruption–Poverty Nexus: Evidence from Panel ARDL Approach for SAARC Countries. Asian Journal of Comparative Politics, 7 (4), 707-726. ISSN / eISSN: 2057-8911 / 2057-892X

8. Ramesh, R., and Vinayagathasan, T (2023) The Impact of Corruption, Rule of Law, Accountability and Government Expenditure on Government Effectiveness: Evidence from Sri Lanka, Journal of Asian & African Studies, 1-24. ISSN / eISSN: 0021-9096/1745-2538

9. Vinayagathasan, T. (2014). Monetary Policy and the Real Economy: A Structural VAR Approach for Sri Lanka. Asian Journal of Empirical Research 4(1), 41-64. Online ISSN: 2224-4425, Print ISSN: 2306-983X. (Previous version available as GRIPS Discussion Paper 13-13).

10. Vinayagathasan, T. (2015). Interpolating a Low Frequency time to a High Frequency One: Programming and Estimation Procedure for Matlab. Sri Lankan Journal of Economic Research 2(2), 93-109. ISSN: 2345-9913.

11. Vijesandiran, S., and Vinayagathasan, T. (2015). Dynamic Relationship between Human Capital and Economic Growth in Sri Lanka: A Co-Integration Analysis. Growth, 2(2), 20–29. E-ISSN: 2412-2068/P-ISSN: 2518-0185

12. Vinayagathasan, T. and Sri Ranjith, J. G. (2016). Unemployment Poverty Nexus: Empirical Evidence from Sri Lanka. Modern Sri Lankan Studies: A Journal of the Social Sciences, 7(1), 95-114. ISSN: 1391-121X

13. Vijesandiran, S. and Vinayagathasan, T (2020). An Empirical Analysis of the Impact of Economic and Noneconomic Determinants on Foreign Direct Investment of Sri Lanka, The Studies in Regional Development, 52(1), 1-35. ISSN: 1229-1471

14. Vinayagathasan, T. (2020). The Role of Political Stability, Labor Market and Education on Migration: The Empirical Evidence from Sri Lanka. Business and Economic Research, 10(2), 372-391. ISSN 2162-4860.

15. Anusha, P., and Vinayagathasan, T. (2021). The Impact of Quality of Governance on Foreign Direct Investment: Empirical Evidence from Sri Lanka. Sri Lanka Economic Journal, 18(1), 53-75. ISSN: 1391-5894

16. Anusha, P., Dhushanthan, B., and Vinayagathasan, T., (2022). The Relationship between Exchange Rate and Stock Market Performance: Empirical Evidence from Sri Lanka. Business and Economic Research, 12(2), 135-154. ISSN 2162-4860.

17. Shiyalini, K. and Vinayagathasan, T (2023) The Impact of Exchange Rate Volatility on Exports in Sri Lanka: An Empirical Analysis from ARDL and Granger Causality Approaches, Mentor: The Journal of Business Studies, 7(01), 1-20. ISSN: 1800-1548

CONFERENCE PAPERS

Vinayagathasan, T. (2020). The COVID-19 and the Status of Global Economy: Challenges and Responses. Proceeding of the International Conference on “Global Economic Impact of COVID-19 (ICGEIC-2020), Kaamadhenu Arts and Science College, Sathiyamangalam, Erode, Tamil Nadu, India.

Vinayagathasan, T. (2018). Does Unemployment Cause Migration: The Evidence from Sri Lanka. Proceeding of 12th World Congress of Regional Science, RSAI (GOA, India), 714-722.

Vinayagathasan, T. and Ramesh, R (2017). Corruption, Rule of Law and Government Effectiveness: An Empirical Evidence from Sri Lanka. South Eastern University Arts Research Session (SEUARS), E-Proceeding, Vol-I, 167-178.

PUBLISHED IN ABSTRACT FORM

Thahara, A. F., and Vinayagathasan, T (2022). Impact of Economic and Non – Economic Variables on Stock Market Performance in Sri Lanka: A Bayesian Vector Autoregression Approach. Proceedings of the Annual Research Congress (PGIHS RC 2022), p.36.

Anusha, P. and Vinayagathasan, T. (2022). The Impact of Quality of Governance on Foreign Direct Investment: An Empirical Analysis to Sri Lanka. The proceedings of International Conference on Economics, Business, Tourism & Social Sciences, International Institute of Academic Research & Publications (IIARP), Malacca, Malayssia, p.19.

Shiyalini, S., Rismina, M.R.F., and Vinayagathasan, T. (2021). Impact of Exchange rate Volatility on Exports in Sri Lanka. The Proceedings of the Annual Research Congress (PGIHS RC 2020/2021), Postgraduate Institute of Humanities and Social Sciences, University of Peradeniya, p.3

Paraneetharan, N.J.C, John Nigel., and Vinayagathasan, T. (2021). Forecasting of Sectoral Monthly Household Food Consumption Expenditure in Sri Lanka. The Proceedings of the Annual Research Congress (PGIHS RC 2020/2021), Postgraduate Institute of Humanities and Social Sciences, University of Peradeniya, p.6.

Paraneetharan, N.J.C, John Nigel., and Vinayagathasan, T. (2021). Analysis of Quadratic Engel Curve Pattern for Sectoral Household Food Expenditure in Sri Lanka. The Proceedings of the Annual Research Congress (PGIHS RC 2020/2021), Postgraduate Institute of Humanities and Social Sciences, University of Peradeniya, p.7.

Paraneetharan, N. J. C., Nigel, J and Vinayagathasan, T (2020). An Analysis of Household Rice Expenditure Patterns in Urban, Rural and Estate Sectors in Sri Lanka: Using MPE Approach. Proceedings of the 8th Peradeniya International Economics Research Symposium (PIERS-2020), Department of Economics and Statistics, University of Peradeniya, Sri Lanka. Vol.VIII, pp. 14-18

Paraneetharan, N. J. C., Nigel, J and Vinayagathasan, T (2019). An Analysis of Household Demand for Major Food Items in Urban, Rural and Estate Sectors of Sri Lanka, Proceedings of the 7th Peradeniya International Economics Research Symposium (PIERS-2019), Department of Economics and Statistics, University of Peradeniya, Sri Lanka. Vol.VII, pp. 62-67.

Vinayagathasan, T., Ramesh, R. (2018). Does Education Reduces the Corruption: The Evidence from Sri Lanka, Peradeniya International Economic Research Symposium (PIERS), Volume VI, Department of Economics and Statistics, University of Peradeniya, Sri Lanka

Vinayagathasan, T., Thahara, A. F. (2017). Exchange Rate and External Debt Nexus: ARDL Model Approach to Sri Lanka. Peradeniya International Economic Research Symposium (PIERS), Volume V, Department of Economics and Statistics, University of Peradeniya, Sri Lanka.

Vinayagathasan, T. Neruja, N. (2017). The Impact of Cost of Paddy Production on Farmers’ Standard of Living: A Case Study to Maritimpattu Divisional Secretariat in Mullaitivu District. Peradeniya International Economic Research Symposium (PIERS), Volume V, Department of Economics and Statistics, University of Peradeniya, Sri Lanka.

Vinayagathasan, T. Priyatharsiny, S. (2017). Impact of Interest Rate on Foreign Direct Investment in Sri Lanka: An Empirical Analysis. International Conference on Humanities and Social Sciences (ICHSS), Volume III, Faculty of Arts, University of Peradeniya, Sri Lanka.

Vinayagathasan, T. Priyatharsiny, S. (2016). The Impact of Food and Non-Food Inflation on Poverty: A Case Study to Sri Lanka. Peradeniya economic research symposium, Volume IV, Department of Economics, University of Peradeniya, Sri Lanka.

Vinayagathasan, T. Sureka, R. (2016). The Role of NGOs in Poverty Alleviation: A Case Study of Karaichchi Divisional Secretariat Division in Kilinochchi District. Peradeniya economic research symposium, Volume IV, Department of Economics, University of Peradeniya, Sri Lanka.

Vinayagathasan, T., Vijesandran, S. (2014). Dynamic relationship between human capital and economic growth in Sri Lanka: A Cointegration analysis. Peradeniya economic research symposium, Volume II, Department of Economics, University of Peradeniya, Sri Lanka.

Vinayagathasan, T., Sivarajasingham, S., Ushanthiny, M. (2014). Dynamic linkages between public debt and economic growth: An empirical analysis of Sri Lanka. Peradeniya economic research symposium, Volume II, Department of Economics, University of Peradeniya, Sri Lanka.

Vinayagathasan, T., Kumari, U.W.B.M., Abayasekara, C.R. (2014). Financial Development and Economic Growth: The post liberalization experience in Sri Lanka. Peradeniya economic research symposium, Volume II, Department of Economics, University of Peradeniya, Sri Lanka.

CHIEF EDITOR/EDITOR

Chief Editor, Proceedings of the 10th Peradeniya International Economics Research Symposium (PIERS-2025), Vol.X, organized by Department of Economics and Statistics, University of Peradeniya.

Chief Editor, Proceedings of the 9th Peradeniya International Economics Research Symposium (PIERS-2023), Vol.IX, organized by Department of Economics and Statistics, University of Peradeniya

Chief Editor, Proceedings of the 8th Peradeniya International Economics Research Symposium (PIERS-2020), Vol.VIII, organized by Department of Economics and Statistics, University of Peradeniya

MEMBER OF EDITORIAL BOARD

Member of the editorial committee of Proceeding of Peradeniya Economics Research Symposium (PERS-2014, 2015 and 2016) and Peradeniya International Economics Research Symposium (PIERS-2018 and 2019), organized by Department of Economics and Statistics, University of Peradeniya.

Member of the editorial committee of International Conference on the Humanities and Social Sciences (ICHSS-2018) organized by Faculty of Arts, University of Peradeniya.

Editorial Board member of Journal of Frontiers in Public Health Economics.

UNPUBLISHED THESIS

Vinayagathasan, T. (2010) Long-Run Relationship between Inflation and Economic Growth Rate of Sri Lanka (1978-2008), MPP Thesis.

Vinayagathasan, T. (2009) Poverty and Poverty Alleviation Activities in Vavuniya District, MA Thesis.

Conferences

International conference on "Economics, Business, Tourism and Social Sciences" (Virtual Conference)

Anusha, P. and Vinayagathasan, T. (2022). The Impact of Quality of Governance on Foreign Direct Investment: An Empirical Analysis to Sri Lanka.

International Institute of Academic Research & Publications, Malacca, Malayssia.

2018, February 18

International Webinar on “Challenges and Opportunities for Migrant Laborers in the Age of COVID-19" (Virtual Conference)

Vinayagathasan, T. (2020). The impact of COVID-19 on Migration Workers, Women and Children

Department of Econometrics, School of Economics and Department of Youth Welfare Studies, School of Youth Empowerment, Madurai Kamaraj University, Madurai, Tamil Nadu, India

2020, July 22-23

International Conference on “Global Economic Impact of COVID-19 (ICGEIC-2020)" (Virtual Conference)

Vinayagathasan, T. (2020). The COVID-19 and the Status of Global Economy: Challenges and Responses.

Kaamadhenu Arts and Science College, Sathiyamangalam, Erode, Tamil Nadu, India.

2020, June 9-10

6th Peradeniya International Economic Research Symposium (PIERS-2018)

Vinayagathasan, T. and Ramesh, R. (2018). Does Education Decrease the Corruption: The Evidence from Sri Lanka

Department of Economics, University of Peradeniya, Sri Lanka

2018, November 8-9

6th International Symposium (South Eastern University Arts Research Session)

Ramesh, R. and Vinayagathasan, T. (2018). Corruption, Rule of Law and Government Effectiveness: A Co-integration Approach to Sri Lanka

South Eastern University, Sri Lanka

2018, June 26

12th World Congress of Regional Science

Vinayagathasan, T. (2018). Does Unemployment Cause Migration: The Evidence from Sri Lanka

Goa, India

2018, May 29-June 01

International Conference on Humanities and Social Sciences

Vinayagathasan, T and Priyatharsiny, S. (2017). Impact of Interest Rate on Foreign Direct Investment in Sri Lanka: An Empirical Analysis

Faculty of Arts, University of Peradeniya, Sri Lanka

2017, July 28-29

2nd Peradeniya economic research symposium (PERS-2014)

Vijesandran, S and Vinayagathasan, T. (2014). Dynamic relationship between human capital and economic growth in Sri Lanka: A Cointegration analysis

Department of Economics, University of Peradeniya, Sri Lanka

2014, September 11

2nd GRIPS student conference

Vinayagathasan, T. (2013). Monetary Policy and the Real Economy: A Structural VAR Approach for Sri Lanka

National Graduate Institute for Policy Studies, Tokyo, Japan

2013, September 5

International Journal of Arts & Sciences (IJAS) conference for academic disciplines

Leon-Gonzalez, R & Vinayagathasan, T. (2013). Robust Determinants of Growth in Asian Developing Economies: A Bayesian Panel Data Model Averaging Approach

Paris, France

2013, April 8-11

7th Himalayan Policy Research Conference (HPRC)

Vinayagathasan, T. (2012). Inflation and Economic Growth: A Dynamic Panel Threshold Analysis for Asian Economies

University of Wisconsin, Madison, USA

2012, October 11

1st GRIPS student conference

Vinayagathasan, T. (2012). Inflation and Economic Growth: A Dynamic Panel Threshold Analysis for Asian Economies

National Graduate Institute for Policy Studies, Tokyo, Japan

2012, September 4

Research Interests

Macroeconomics

Monetary Policy and Monetary Economics

Financial Economics

Good Governance and Corruption

Econometrics

International Economics



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Contact Details

Address
Department of Economics & Statistics,
Faculty of Arts,
University of Peradeniya
Peradeniya, 20400,
Sri Lanka
Telephone
Head:+94 (0)81 239 2620
Office:+94 81 239 2621/22
Fax
+94 (0)81 239 2620
Email
econ@pdn.ac.lk
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